(MENAFN - AFP) German Chancellor Angela Merkel on Friday backed Italy's Matteo Renzi to deliver on a pledge to "turbo-charge" his reforms after the European Central Bank's decision to pump billions into the moribund eurozone economy.
Despite fundamental differences over the wisdom of the ECB's unprecedented bond-buying programme, the two leaders were able to find common ground ...
(MENAFN - AFP) The European Central Bank's bond-buying "bazooka" fired global stock markets higher on Friday, but sent the euro diving to a new 11-year low below $1.12.
The ECB sparked a global rally Thursday after launching radical 1.14-trillion-euro ($1.27-trillion) bond-buying plans to boost lending and economic growth, while seeking to prevent a dangerous spiral of falling ...
(MENAFN - AFP) Greek stocks surged over 5.0 percent on Friday after the European Central Bank announced a bond-buying programme to stimulate the eurozone economy, and ahead of Sunday's general election.
The Athens stock market was up 5.55 percent in early trade to 835.75 points two days before the crucial ballot that could determine the country's future in the euro area.
(MENAFN - AFP) South Korea's economy registered its slowest growth for more than two years in the fourth quarter, the Bank of Korea said Friday, underlining recovery concerns despite record low interest rates.
The central bank said Asia's fourth largest economy grew just 0.4 percent in the October-December period compared to the third quarter.
(MENAFN - AFP) Eurozone business activity picked up to a five-month high in January, a key survey showed Friday, just the day after the European Central Bank announced a 1.0-trillion-euro economic stimulus package.
Analysts said the report was encouraging as it confirmed a recent modest pick-up but they cautioned that growth remains weak after the economy faltered badly in ...